Incentives for Business in Uvalde
Uvalde is now a Federal Enterprise Community And Empowerment Zone, which means qualifying companies can receive up to $3,000/person in Federal Employment Tax Credits.
Uvalde has an active Economic Development Foundation and a $600,000 Revolving Loan Fund.
Uvalde has an unusually well developed airport for a small town. The airport is large and serves as a hub for three jet renovation companies.
Uvalde has a junior college and university satellite campus.
Companies can save 50% of wages for the first 6 months. The Work Force Training Program will pay them for participating employees.
Approximately 2,000 Uvalde County residents are currently looking for a job, whether they are now unemployed or are looking for a new job.
The unemployment rate in Uvalde County is approximately 7.1-10%.
Southwest Texas Junior College and Sul Ross University offer a ready pool of employees via their students and graduates.
Flexibility in site design and built-to-suit options is available.
Resource assistance is provided to help secure financing
Tax abatements, on a case-by-case basis, from city and county are available.
Planned and protected environment
Abundant and well-managed natural resources
To learn more information about the Empowerment Zone, please visit the Uvalde Area Development Foundation at www.uvaldeadf.com.
Some of the EZ information includes:
"Qualified Business" Definition
Wage Credit Calculation
Welfare to Work Tax Credit
Business Operational Requirements
Qualified Zone Property
Environmental Cleanup Deduction
A Tax-Exempt Bond Transition
Time Period for Meeting EZ Business Definition